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Its bin confirmed loxam now own lavendon
Loxam back in at 270p Market still expecting more - 275p from TVH?
Well, where is this going to end, market still expecting more. Lovely, considering I bought at 121p in July, nice to get it right for a change.
from 185p to 256p - i never expected this
I thought there was more to come and today confirmed it. Time to sell.
Lots of interest in this one, as the bidders battle it out. 224.75p at the close, and it seems there's more to come. If you have shares, hold you nerve. #hold
Sand Grove Capital Management with 3.71% of Lavendon's equity also bought CFDs yesterday covering approx. 1m shares. They expect the price to rise.
The RNS show Loxam , through Duetsche Bank, are buying shares at about 218p, but are covering themselves with Swaps as well in case the bid goes sour and the price falls. As the ask is now 222p I'm expecting more upside.
TVH have 16.9% of the shares and at 205p their bid looks weak, especially when the market price is approx. 11p more and there's another bidder. Their "final" offer is not final as they have left themselves leg room to increase it. So, the ball is firmly in their court.
Took profit at 218 myself too. Good luck remaining holders, didn't want to take the risk myself of the bid falling through although I very much doubt it will now
Decided to sell and leave some for the next man. Good luck all, it's been extremely rewarding. That's 3 bids for me in the last couple of weeks or so with LVD, CRE and CHT. Hopefully more to come!
I'm not sure, but are speculators still involved in buying the shares to capture more profit? e.g. yesterday a group of Halycon companies increased their long position by buying 50k shares at 2.1725.
There was buying at 195p last week and they'll be happy today; maybe a bidding war? How high will it go?
Counter offer just announced by Loxam - looks like the story is not over here yet.
Mister Market must think Lavendon has more to go considering shares are now upto the offer price of 205p.
Seems like the fund managers will decide Lavendon's fate, as today they're all declaring their equity interests.
Yesterday calm seas, illiquid market and a 5% spread. Today, a bid, lots of liquidity and a 1% spread. This is how things change in trading!
The offer is at 205p but the market price now is 187p. 12.5% of shareholders support the offer. So, at the moment it doesn't look like a high probability winner unless they substantially increase their offer or another bidder calls. Lets see what plays out though.
So annoyed I didn't buy in here when I posted a few weeks ago at 123p What an increase
205p....not a bad start, but only 12% of irrevocables obtained to date. Let the bidding war commence :o))
Only problem with Lavendon is the market is not liquid, hence the spread is wide. It's not a day trader's share unless the move is well over 6p.
Apparently Peel Hunt have increased their forecast for this year by 3% to 19.1p EPS.
Decent results, alongside market growth and hedged against any Brexit downside. Shares have been hugging its downward trend channel since 22nd Oct, but now are making a bid upwards towards 153p. Rising RSI above 50, and MACD about to go positive. For me that's a buy. #bullish
I keep watch of this as I saw it drop to 110 then shoot up to 140. Any reasons for the downward trend?
Clear off with your PEG, I sold too early LOL.